The boss of paving firm Marshalls on Thursday predicted the group’s order book in London will swell as more Crossrail and pedestrianisation jobs come up.
Chief executive Martyn Coffey said: “We would expect to be a major supplier of landscaping products on any of the mooted projects to part-pedestrianise Oxford Street, plus we are supplying paving that will be needed outside some of the new Crossrail stations when they open.”
Coffey added: “There is a lot coming up that could be great for us in the capital.”
Marshalls’ sales rose 15% to £280.1 million in the six months to June 30, helped by demand from homeowners and the government for its products.
Pre-tax profits jumped 14% to £37.1 million and it expects to meet full-year profit forecasts of £68.4 million.
The dividend is up 18% to 4.7p. Shares in the FTSE 250 firm rose 7.5p to 622.5p.
Coffey said that trading since the period ended has “remained strong”.
